Incentives Directory

AGENCY: ACCION New Mexico
DESCRIPTION: A local non-profit organization, ACCION New Mexico's mission is to provide business credit and training to self-employed individuals and families who have limited or no perceived...

AGENCY: Department of Health and Human Services, Administration for Children and Families, Administration for Native Americans (ANA)
DESCRIPTION: Provides financial assistance through grants or contracts to further the three goals of...

AGENCY: Federal Home Loan Bank (FHLBank) via Dallas
DESCRIPTION: This program finances home-ownership for families with incomes at or below 80% of the median income for an area. Also provides financing...

AGENCY: Taxation and Revenue Department
DESCRIPTION: The Affordable Housing Tax Credit is offered in hopes of making affordable housing more available in New Mexico.
ELIGIBILITY: Investors in affordable housing projects may apply...

AGENCY: Taxation and Revenue Department
DESCRIPTION: The Aircraft Manufacturing Tax Credit allows receipts of an aircraft manufacturer from selling aircraft may be deducted from gross receipts. Any deduction allowed under Section...

AGENCY: Federal Aviation Administration
DESCRIPTION: The Airport Improvement Program (AIP) provides grants to public agencies and, in some cases, to private owners and entities, for the planning and development of public-use...

AGENCY: Taxation and Revenue Department
DESCRIPTION: The Alternative Energy Product Manufacturers Tax Credit provides up to a 5% credit of qualified expenditures for manufacturing equipment used in a manufacturing operation. The...

AGENCY: Taxation and Revenue Department
DESCRIPTION: The Angel Investment Tax Credit provides a 25% credit on the qualifying investment in a high-technology or manufacturing business. The maximum investment for which a...

DESCRIPTION: Angel investors and angel investor groups are sources of private capital. Most investors keep their information and operations private. However, certain non-profit intermediary groups are often set up to...

AGENCY: Transportation Department, Aviation Division
DESCRIPTION: The purpose of the New Mexico Aviation Funding Program is to assist communities financially with their airport facilities.
ELIGIBLE USE:
• Funding may be used to:
• Construct...

AGENCY: Bureau of Indian Affairs (BIA), Division of Financial Assistance
DESCRIPTION: Guaranteed loans that are made by private lenders to eligible applicants for up to 90% of the unpaid principal and...

AGENCY: New Mexico incorporated municipalities and counties
DESCRIPTION: A Business Improvement District is a special taxing district implemented to generate revenue for infrastructure improvements necessary for economic development projects.
PROGRAM/LOAN STRUCTURE:
• Local...

AGENCY: North American Development Bank (NADBank).
DESCRIPTION: The Community Adjustment and Investment Program was created in connection with the passage of the North American Free Trade Agreement (NAFTA) to provide credit...

AGENCY: New Mexico incorporated municipalities and counties
DESCRIPTION: The governing body of a county or a municipality may, by a majority vote of the elected members, adopt a resolution exempting commercial...

AGENCY: Taxation and Revenue Department
DESCRIPTION: Compensating tax is an excise tax imposed on the privilege of using property in New Mexico. When property is purchased outside New Mexico and brought...

AGENCY: Taxation and Revenue Department
DESCRIPTION: To encourage the restoration, rehabilitation, and preservation of cultural properties, any taxpayer who files a corporate income tax return and who is the owner of...

AGENCY: First Nations Development Institute
DESCRIPTION: The Eagle Staff Fund seeks to support Native grassroots and tribal organizations that are working to create Native-controlled reservation economies.
ELIGIBLE USES:
• The Eagle Staff Fund...

AGENCY: Economic Development Administration (EDA)
DESCRIPTION: This program is also known as the Long-Term Economic Deterioration/Revolving Loan Fund. Grants are provided to economic development intermediaries and non-profit organizations which establish revolving...

AGENCY: Economic Development Administration (EDA)
DESCRIPTION: The EDA assists communities with funding the construction of public works and local facilities that contribute to private sector job creation and retention to alleviate...

AGENCY: Construction Programs Bureau, New Mexico Environment Department
DESCRIPTION: The Bureau has money to lend as part of its mission to protect human health and the environment via its administration of...

AGENCY: Federal Home Loan Bank
DESCRIPTION: The EDPPLUS Small Business Grant Program is designed to promote and enhance small business development; to foster business relationships between member institutions, small businesses, and...

AGENCY: Taxation and Revenue Department
DESCRIPTION: An eligible film production company may apply for, and the Taxation and Revenue Department may allow, a tax credit of 25%. New changes will become...

AGENCY: First Nations Financial Project (FNFP), Oweesta Program
DESCRIPTION: As part of an ongoing effort to stimulate small businesses, home ownership and economic development in Native Communities, OWEESTA provides the training...

AGENCY: U.S. Department of Agriculture (USDA) Farm Services Agency (FSA)
DESCRIPTION: The FSA guarantees loans made by agricultural lenders for family farmers and ranchers for farm ownership, improvements and operating purposes....

AGENCY: Farm Services Agency
DESCRIPTION: Provides loans to Indian Tribes to purchase land within their reservations. Authorized under Public Law 91-229 (Loans to Indian Tribes and Tribal Corporations).
ELIGIBLE USES:
• Land acquisitions...

AGENCY: Government National Mortgage Association (Ginnie Mae or GNMA)
DESCRIPTION: Ginnie Mae makes affordable housing a reality for millions of low- and moderate- income households across America by channeling capital into...

AGENCY: Taxation and Revenue Department
DESCRIPTION:
• Property interests of a lessee in project property held under a lease from a county or municipality under authority of an Industrial Revenue Bond (IRB),...

AGENCY: U.S. Department of the Interior, National Park Service
DESCRIPTION: Tax incentives are available where historic structures are certified as having received rehabilitation to preserve and enhance their historic character.
ELIGIBLE USES:
A...

AGENCY: Taxation and Revenue Department
DESCRIPTION: To finance Medicaid and indigent healthcare recipients, the governing body of any
county may enact an ordinance imposing an excise tax of 1/16% for each purpose.
ELIGIBILITY:...

AGENCY: Department of Housing and Urban Development (HUD)
DESCRIPTION: The CDBG program is a flexible program that provides communities with resources to address a wide range of unique community development needs....

AGENCY: Mortgage Finance Authority (MFA)
DESCRIPTION: The objective of the HOME Program is to expand the supply of decent and affordable housing for low- and very low-income residents. HOME is authorized...

AGENCY: Department of Housing and Urban Development (HUD) and local Public Housing Authorities
DESCRIPTION: Family Self-Sufficiency is a HUD program that encourages communities to develop local strategies to help voucher families...

PROGRAM: Indian Intergovernmental Tax Credit
AGENCY: Taxation and Revenue Department
DESCRIPTION: A company engaged in growing, processing or manufacturing may receive a tax credit from taxes imposed by an Indian nation, Tribe...

AGENCY: New Mexico incorporated municipalities and counties
DESCRIPTION: Pursuant to the Industrial Revenue Bond Act, New Mexico municipalities and counties are authorized to issue IRBs to stimulate the expansion and relocation...

AGENCY: Economic Development Department (EDD), International Trade Division
DESCRIPTION: The International Trade Division offers export assistance, consultations on business practices, and a wealth of knowledge in doing business internationally. Additionally, they...

AGENCY: International Trade Administration (Federal)
DESCRIPTION: Under a cooperative agreement between the district office of the International Trade Administration and the Trade Division of the New Mexico Economic Development Department (EDD),...

AGENCY: Taxation and Revenue Department
DESCRIPTION: To encourage travel by turboprop or jet-type powered airlines, the 2006 Legislature has allowed for a deduction for fuel to power those types of airplanes....

AGENCY: Taxation and Revenue Department
DESCRIPTION: The Job Mentorship Tax Credit encourages New Mexico businesses to hire youth
participating in career preparation education programs.
ELIGIBILITY: A company that files a corporate income tax...

AGENCY: New Mexico incorporated municipalities and counties
DESCRIPTION: The Local Economic Development Act allows communities the option of offering local government aid to qualifying business entities for economic development projects.
STRUCTURE:
• One...

AGENCY: New Mexico incorporated municipalities and counties
ELIGIBILITY: Communities that have already passed the Local Economic Development Act (LEDA) are able to pass a LOGRT.
STRUCTURE:
• The community votes to raise its...

AGENCY: Economic Development Department (EDD), Economic Development Division
DESCRIPTION: MainStreet provides technical assistance, services and resources to its affiliated non-profit organizations for downtown revitalization and redevelopment. It does so through the...

DESCRIPTION: Mesa Capital Partner’s mission is to grow small businesses by providing equity capital for expansion, investment and restructuring.
ELIGIBILITY: Early stage and small business sector located in geographic areas underserved...

AGENCY: Mortgage Finance Authority (MFA)
DESCRIPTION: The purpose of Access Loans is to provide federally insured construction and permanent financing for small scale affordable housing projects throughout New Mexico. It is...

AGENCY: Mortgage Finance Authority (MFA)
DESCRIPTION: The BUILD IT! Loan Guaranty Program was created in 1994 to encourage other lenders to provide interim financing when they might not otherwise do so...

AGENCY: Mortgage Finance Authority (MFA)
DESCRIPTION: MFA’s HERO Program is a first and a second mortgage product that provides below market interest rates, down payment and closing cost assistance for the...

AGENCY: Mortgage Finance Authority (MFA)
DESCRIPTION: The HOME/Rental Gap Financing Programs provide gap financing for a variety of affordable and special needs housing projects throughout the state of New Mexico. As...

AGENCY: Mortgage Finance Authority (MFA)
DESCRIPTION: The HOME/Single Family Development Program provides partial or “gap” financing to non-profit and for-profit developers, public and tribal entities, and Community Housing Development Organizations (CHDOs)...

AGENCY: Mortgage Finance Authority (MFA)
DESCRIPTION: The Housing Tax Credit Program (HTC) provides federal income tax credits to individuals or organizations that develop affordable housing through either new construction or acquisition...

AGENCY: Mortgage Finance Authority (MFA)
DESCRIPTION: MFA’s Mortgage Booster Program is a second mortgage product that provides down payment and closing cost assistance to borrowers who qualify for MFA’s Mortgage $aver...

AGENCY: Mortgage Finance Authority (MFA)
DESCRIPTION: MFA’s Primero Loan Program is a flexible, low cost loan program created in 1993 to finance the development of affordable rental or special needs residential...

AGENCY: Navajo Nation, Division of Economic Development Support
DESCRIPTION: The division provides loans or loan guarantees to qualified Navajo individuals or Navajo-owned businesses. The program is intended to foster the establishment...

AGENCY: New Mexico Finance Authority (NMFA)
DESCRIPTION: The NMFA has the authority to form, operate, own, or co-own any number of qualified community development entities to participate in the federal New...

AGENCY: New Mexico Community Capital
DESCRIPTION: New Mexico Community Capital’s mission is “to improve the lives of New Mexicans, particularly those in rural and economically under-served areas, by investing in New...

AGENCY: Economic Development Department (EDD), Development Division
DESCRIPTION: The primary objective of the CDRLF is to provide assistance to political subdivisions of New Mexico to construct or implement projects necessary to...

AGENCY: New Mexico Community Foundation
DESCRIPTION: The New Mexico Community Foundation offers small grants, technical assistance, "capacity building" workshops, and serves as a convener around important issues for non-profit organizations and...

DESCRIPTION: The NMFA is dedicated to improving the lives of New Mexicans by planning and financing infrastructure, strengthening the economy through public/private partnerships and setting the standard for superior, diverse,...

AGENCY: Department of Cultural Affairs, Historic Preservation Division
ELIGIBILITY: The state income tax credit is available to owners of historic structures who accomplish qualified, rehabilitation on a structure or stabilization or...

AGENCY: New Mexico Economic Development Department (NMEDD)
DESCRIPTION: The Job Training Incentive Program (JTIP) funds classroom and on-the-job training for new employees in newly created jobs in qualified expanding or relocating...

AGENCY: New Mexico Manufacturing Extension Partnership (MEP)
DESCRIPTION: MEP is a 501(c) 3 non-profit corporation with an industry lead Board of Directors. Its mission is “to help New Mexico’s existing and...

AGENCY: New Mexico State Investment Council (SIC)
DESCRIPTION: The SIC invests in private equity through limited partnerships to enhance the economic climate in the State of New Mexico.
ELIGIBLE USE:
The SIC, through...

AGENCY: Los Alamos & Sandia National Laboratories
DESCRIPTION: The New Mexico Small Business Assistance Program solves small business challenges through national laboratory expertise.
ELIGIBLE USES:
• Los Alamos and Sandia National Laboratory scientists...

AGENCY: Environment Department, Air Quality Bureau
DESCRIPTION: The primary purpose of the SBAP is to assist small businesses which are or will be subject to requirements under the federal 1990 Clean...

AGENCY: New Mexico Small Business Development Centers (NMSBDC)
DESCRIPTION: The mission of the NMSBDC is to strengthen the economy of New Mexico by providing direct assistance, entrepreneurial education and resource linkages...

AGENCY: New Mexico Technet
DESCRIPTION: Technet is an Albuquerque-based non-profit organization established to develop a state-of-the-art communications network linking major research laboratories, universities, government agencies and businesses throughout the state.
ELIGIBLE USES:
•...

AGENCY: Taxation and Revenue Department
DESCRIPTION: Tax credits for eligible expenses related to qualified research at a New Mexico facility to provide a favorable tax climate for technology based businesses engaging...

PROGRAM: New Mexico Workforce Connection
AGENCY: Office of Workforce Training and Development
DESCRIPTION: The NM Workforce Connection is a system that is integrated and coordinated through the alignment of economic development, education...

AGENCY: Loan Fund
DESCRIPTION: NMCDLF’s mission is to provide loans and assistance to improve the economic and social conditions of New Mexicans. NMCDLF programs are designed to alleviate the high poverty...

AGENCY: New Mexico Economic Development Department
DESCRIPTION: The Office of Business Advocacy advances New Mexico business and enterprise with expansion, retention and growth.
ELIGIBLE USE:
• Enables business owners to break through regulatory...

DESCRIPTION: Production Credit Associations are customer-owned, credit cooperatives established by farmers and ranchers to provide themselves a source of reliable credit. PCAs form a nationwide system operated under the Farm...

AGENCY: Taxation and Revenue Department
ELIGIBILE USES: Real and tangible property is subject to taxation at the local level is eligible for the exemption.
PROGRAM LOAN/STRUCTURE:
• Maximum Program Benefits: Land, buildings and...

AGENCY: New Mexico State Investment Council (SIC)
DESCRIPTION: Severance Tax Permanent Fund (STPF) investment in the U.S. government guaranteed portion of business and/or agriculture loans by financial institutions.
ELIGIBLE USES:
• The STPF...

AGENCY: U.S. Department of Agriculture (USDA) Rural Development (RD), Rural Business- Cooperative Service (RBS)
DESCRIPTION: The purpose of the program is to improve, develop or finance business, industry and employment, and...

AGENCY: U.S. Department of Agriculture (USDA) Rural Development (RD), Rural Utility Service
DESCRIPTION: USDA Rural Development guaranteed loans made by lenders to finance the development of water and waste disposal systems,...

AGENCY: US Department of Agriculture (USDA) Rural Development (RD), Rural Business- Cooperative Service (RBS)
DESCRIPTION: The Cooperative Development Assistance Program helps rural residents form new cooperative businesses and improve the operations...

AGENCY: U.S. Department of Agriculture (USDA) Rural Development (RD), Rural Housing Service (RHS)
DESCRIPTION: Guarantees lender's loans to individuals and families in rural areas who are unable to obtain conventional financing...

AGENCY: U.S. Department of Agriculture (USDA) Rural Development (RD), Rural Housing Service (RHS)
DESCRIPTION: Guarantees lender's loans to construct rental housing for very low- to moderate- income income households; or elderly,...

AGENCY: U.S. Department of Agriculture (USDA) Rural Development (RD), Rural Housing Service (RHS)
DESCRIPTION: The Housing Preservation Grant (HPG) Program provides grants to sponsoring organizations for the repair or rehabilitation of...

AGENCY: US Department of Agriculture (USDA) Rural Development (RD), Rural Business- Cooperative Service
DESCRIPTION: The purpose of the program is to finance business facilities and community development projects in rural areas....

AGENCY: US Department of Agriculture (USDA) Rural Development (RD), Rural Housing Service
DESCRIPTION: This program, also known as the Rural Rental Housing or Section 515 Loan Program, was developed by the...

AGENCY: U.S. Department of Agriculture Rural Development (RD), Rural Business-Cooperative Service (RBS)
DESCRIPTION: Programs authorized by the 2008 Farm Bill to provide financial support for the development of renewable energy projects...

AGENCY: U.S. Department of Agriculture Rural Development (RD), Rural Business-Cooperative Service (RBS)
DESCRIPTION: Programs authorized by the 2008 Farm Bill to provide financial support for the development of renewable energy projects...

AGENCY: U.S. Department of Agriculture Rural Development (RD), Rural Business-Cooperative Service (RBS)
DESCRIPTION: The Rural Business Enterprise Grants Program provides grants for rural projects that finance and facilitate development of small...

AGENCY: U.S. Department of Agriculture (USDA) Rural Development (RD), Rural Business- Cooperative Service (RBS)
DESCRIPTION: The purpose of this program is to promote sustainable economic development in rural communities with exceptional...

AGENCY: US Department of Agriculture (USDA) Rural Development (RD), Rural Utility Service (RUS)
DESCRIPTION: The purpose is to provide zero interest loans to electric and telephone utilities financed by the Rural...

AGENCY: US Department of Agriculture (USDA) Rural Development (RD), Rural Housing Service (RHS)
DESCRIPTION: Program provides loans for very low- and low-income families who are without adequate housing and live in...

AGENCY: U.S. Department of Agriculture (USDA) Rural Development (RD), Rural Housing Service (RHS)
DESCRIPTION: The Rural Housing Repair and Rehabilitation Loan and Grant Programs provide loans and grants for home repair...

AGENCY: US Department of Agriculture (USDA) Rural Development (RD), Rural Housing Service (RHS)
DESCRIPTION: Loans for public or private non-profit organizations to buy and develop building sites.
ELIGIBLE USES:
• Construction of access...

AGENCY: New Mexico State Investment Council (SIC)
DESCRIPTION: Often referred to as the "Oregon Plan". The Severance Tax Permanent Fund (STPF) may be invested in participations of real estate loans made...

AGENCY: Cibola Communities Economic Development Foundation
DESCRIPTION: A variety of incentives offered to encourage economic development in Cibola County.
PROGRAM/LOAN STRUCTURE: Financial assistance is provided through gap financing and small business loans.
QUALIFICATION...

AGENCY: Energy, Minerals, and Natural Resources Department
DESCRIPTION: To encourage the growth of and investment in renewable sources of energy, the state of New Mexico allows a certain amount of credit...

AGENCY: Taxation and Revenue Department
ELIGIBILITY: Any taxpayer that is a qualified research and development small business is eligible. The costs of a qualified research and development business are eligible for...

AGENCY: Taxation and Revenue Department
DESCRIPTION: Employers in rural areas will be entitled to a tax credit when expanding their work force.
PROGRAM/LOAN STRUCTURE:
• The Economic Development Department will determine which employers...

AGENCY: Enchantment Land Certified Development Company (ELCDC)
DESCRIPTION: The SBA 504 Program provides “economic development financing specifically designed to stimulate private sector investment in long-term fixed assets to increase productivity, create...

AGENCY: Small Business Administration (SBA)
DESCRIPTION: CAPLines are revolving lines of credit which allow a borrower to obtain funds as needed from a pre-approved credit account. The general formula is up...

AGENCY: Small Business Administration (SBA)
DESCRIPTION: The Delta program provides financial and technical assistance to defense dependent small businesses adversely affected by defense reductions. The goal of the program is to...

AGENCY: Small Business Administration (SBA)
DESCRIPTION: Designed to provide short-term working capital to exporters.
ELIGIBLE USES:
• Proceeds can be used
• To purchase land or buildings, to cover new construction as well as...

AGENCY: Small Business Administration (SBA)
DESCRIPTION: Assistance to eligible small businesses in an industry (1) engaged or preparing to engage in international trade or (2) adversely affected by import competition.
ELIGIBLE USES:...

AGENCY: Small Business Administration (SBA)
DESCRIPTION: Often referred to as the 7(a) Program. Guarantees loans made by lenders to small businesses. The lender may sell the guaranteed portion into the secondary...

AGENCY: Small Business Administration (SBA)
DESCRIPTION: Pollution Control Loans are 7(a) Loans with a special purpose of pollution control. The program is designed to provide financing to eligible small businesses for...

AGENCY: Small Business Administration (SBA)
DESCRIPTION: The SBA offers guaranteed loans to employee trusts either to (1) help finance the growth of its employer’s small business or (2) to purchase ownership...

AGENCY: Small Business Administration (SBA)
DESCRIPTION: Through the 8(a) Program, small businesses owned by socially and economically disadvantaged persons may obtain federal government contracts and other assistance in developing their business.
ELIGIBLE...

AGENCY: Small Business Administration (SBA)
DESCRIPTION: SCORE is a volunteer program sponsored by the SBA. The program matches volunteers with small business owners who need advice.
ELIGIBLE USES:
• In-depth counseling and training...

AGENCY: Small Business Administration (SBA)
DESCRIPTION: The Small Business Innovation Research Program provides an opportunity for small technology-based firms to compete for federal research and development contracts.
ELIGIBLE USE:
• Phase I: Exploration...

AGENCY: Taxation and Revenue Department
DESCRIPTION: As of the 2006 Legislature, a 10% tax credit on the installation and purchase of solar thermal and photovoltaic systems in a residence, business, or...

DESCRIPTION: The Space Alliance Technology Outreach Program provides a free service designed to speed the transfer of space technology to the private sector by assisting small businesses facing technical challenges.
ELIGIBILITY:...

AGENCY: Los Alamos National Laboratory, Phillips Laboratory, Sandia National Laboratory and University of New Mexico (UNM)
DESCRIPTION: Technology transfer is now a mission of all Department of Energy Laboratories. The labs...

DESCRIPTION: TVC is incorporated as a non-profit company in New Mexico to support start-up and expanding technology-based companies.
PROGRAM/LOAN STRUCTURE:
• Maximum Program Benefits: The operating concept of TVC is to:
• Develop...

AGENCY: North Central New Mexico Economic Development District (NCNMEDD) DESCRIPTION: The Tri-County Regional Revolving Loan Fund is an incentive implemented to assist counties impacted by program changes experienced by Los...

AGENCY: UNM Bureau of Business and Economic Research (BBER), University of New Mexico
DESCRIPTION: Provides research and information services for businesses and economic development organizations. BBER maintains a socioeconomic data bank...

AGENCY: Utility Companies
DESCRIPTION: Because a healthy business environment is important to utility companies, most have business development specialists on staff.
ELIGIBLE USES:
• Most utility companies provide rate incentives to their industrial...

AGENCY: National Minority Suppliers Development Council (NMSDC) or Small Business Administration (SBA)
DESCRIPTION: The primary objective of the National Minority Supplier Development Council is to provide a direct link between corporate...

DESCRIPTION: WESST is a non-profit organization whose purpose is to help create economic security by reducing the risks of starting and owning a business.
ELIGIBLE USES:
• WESST will assist a business...